New Horizon Aircraft Ltd. Director Resigns; Board Appoints New Audit Chair

What Happened

• New Horizon Aircraft Ltd. filed an 8-K reporting that on September 2, 2026 director Trisha Nomura notified the Board she was resigning for personal reasons (effective upon appointment of a replacement). The Board appointed Thomas Hearne on September 4, 2026 to fill the Class I director vacancy and named him Chair of the Audit Committee. Ms. Nomura had served on the Board since January 2024 and stated her resignation is not due to any disagreement with the Company.

Key Details

• Resignation notice: September 2, 2026; appointment of successor: September 4, 2026.
• Thomas Hearne will serve until the Company’s 2027 annual meeting (or until his successor is elected).
• Mr. Hearne was appointed Chair of the Audit Committee and also joins the Compensation Committee and the Nominating & Corporate Governance Committee.
• The Board determined Mr. Hearne is independent under SEC, Nasdaq and Canadian rules and qualifies as an “audit committee financial expert.” He will receive standard non-employee director compensation; no related-party transactions were reported.

Why It Matters

• This is a governance change that affects oversight of the Company’s financial reporting: the new director is the Audit Committee chair and is designated an audit committee financial expert, which may strengthen financial oversight and compliance.
• The filing notes the departure was for personal reasons and not due to any disagreement with management, and there are no reported related-party issues tied to the new appointment — facts investors often watch for board independence and governance integrity.